UPDATE: Wunderlich Securities Reiterates Buy Rating, Raises PT on Kodiak Oil & Gas
In a report published Monday, Wunderlich Securities reiterated its Buy rating on Kodiak Oil & Gas Corp. (NYSE: KOG), and raised its price target from $10.00 to $12.00.
Wunderlich Securities noted, “Kodiak Oil & Gas Corp. (KOG) last week provided an operations update that highlighted continued strong well results in the Williston and increasing company-wide production. The company continues to announce industry-leading well results in the Williston basin as it delineates its 155,000 net acre position in the region. In light of recent transactions in the play and Kodiak's operational performance, we feel there is still ample upside in the name either through organic growth or potentially by Kodiak being acquired given the current market valuation.”
Kodiak Oil & Gas Corp. closed on Friday at $9.70.
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